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Publication . Article . 2007

Our daily bread: Maurice Potron, from catholicism to mathematical economics

Christian Bidard; Guido Erreygers; Wilfried Parys;
Open Access
English
Published: 01 Apr 2007 Journal: The European journal of the history of economic thought (issn: 0967-2567, Copyright policy )
Country: Belgium
Abstract
Abstract Maurice Potron (1872–1942) is a French Jesuit and mathematician whose main source of inspiration in economics is the encyclical Rerum Novarum. With virtually no knowledge in economic theory, he wrote down a linear model of production in which he formalized the notions of just prices and just wages. As early as 1911, he used the Perron–Frobenius theorem to prove the existence of a positive solution and established a duality result between the quantity side and the price side of the model. He returned to economics in the 1930s, but in both periods he failed to make a lasting impression upon economists. JEL Classification Code: B3
Subjects by Vocabulary

JEL Classification: jel:B3

Microsoft Academic Graph classification: Encyclical Economics Social question Perron frobenius Code (semiotics) Mathematical economics

Subjects

Economics, Potron, Just prices, Just wages, Catholic doctrine, Perron-Frobenius, Hawkins-Simon, Duality, Linear model of production, Social question, History and Philosophy of Science, Economics, Econometrics and Finance (miscellaneous), General Arts and Humanities

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